Managers

The Los Angeles-based real estate fund manager has hired a new head of the Andean region at a time when three executives have left or are leaving the firm.

The Toronto-based fund manager has raised C$180 million for its Northam Canadian Commercial Property Fund II, which is targeting European investors seeking Canadian real estate.

The London-based data provider said property funds produced a -2 percent overall return to investors in the last quarter of 2012, although it also said a net €500 million has been raised to take advantage of European dislocation.

Jack Berquist and Desi Co have left Macquarie Capital to form Accord Group, in partnership with former Mesirow executive Jeff Sobczynski.

La Banque Postale Asset Management (LBPAM) has raised €500 million in a first close for a debut hybrid infrastructure and real estate debt fund.

The New York-based real estate investment firm has garnered commitments from 16 investors for Dune Real Estate Fund III, an opportunistic vehicle seeking $850 million.

The Chicago-based fund manager has launched GEM Realty Fund V, a diversified value-added real estate vehicle looking to invest in US properties and distressed debt.

Domestic and US limited partners have committed capital to the Nordic region via a fund managed by CapMan.

The recent merger between Atlas Partners Japan and MK Capital Management Corporation hopes to double its equity haul to $100 million following a seed commitment by the Copenhagen-based fund of funds manager.

The Atlanta-based investment firm is more than halfway to its $200 million target for its value-added Noble Hospitality Fund II, which is targeting lodging properties throughout the US.